Panavision, a global provider of motion picture and television production services and equipment, has secured a $130 million financing facility from Siena Lending Group and Hilco Global.
Under the transaction, Siena Lending Group served as Agent and Sole Bookrunner, while Hilco Global acted as Documentation Agent and Collateral Monitoring Agent. Siena will hold $80 million of the facility, with Hilco providing the remaining $50 million. The revolving credit facility is secured by current and fixed assets and is designed to enhance Panavision’s existing revolving debt structure by providing additional liquidity and financial flexibility to support future growth initiatives.
The financing comes as the filmmaking industry continues to navigate changing production requirements and supply chain dynamics. The facility is expected to support Panavision’s ongoing investments in technology, equipment, services, and global operations as the company continues to serve filmmakers worldwide.
Todd Eubanks, Chief Risk Officer of Siena Lending Group, highlighted Panavision’s leadership position in the industry and said the firm looks forward to expanding its financial partnership with the company while supporting management’s growth strategy.
Dan Rubin, Managing Director of Asset Management at Hilco Global, noted the importance of creating a flexible financing structure that supports long-term investment across Panavision’s global platform. He added that the company is well positioned for continued success as a trusted provider of equipment and services to the filmmaking industry.
Kim Snyder, President and CEO of Panavision, said the financing aligns with the company’s long-term vision and will help support future investments in technology and service excellence.
Founded as a leading asset-based lender, Siena Lending Group provides financing solutions ranging from $20 million to $500 million for companies across the United States and Canada. Hilco Global, a subsidiary of ORIX Corporation USA, provides financial services, advisory solutions, and capital support to companies across a variety of industries worldwide.
KEY QUOTES:
“Panavision is an industry leader, delivering state-of-the-art equipment along with bespoke services and solutions to filmmakers. We look forward to expanding our financial partnership with Panavision and supporting its strong management team’s execution of growth objectives.”
Todd Eubanks, Chief Risk Officer, Siena Lending Group
“The filmmaking industry continues to face evolving production and supply chain demands. It was important to work closely with the Company and Siena to create a flexible financing structure that supports long-term investment across Panavision’s global platform. As a leading innovator and trusted equipment and service provider to the industry, Panavision is well positioned for continued success, and we are pleased to support the company.”
Dan Rubin, Managing Director of Asset Management, Hilco Global
“Panavision has built its reputation on delivering the tools, expertise, and innovation filmmakers trust to bring their creative visions to life. Siena and Hilco share our long-term vision for this business and our excitement for the future. Their trusted partnership is foundational for Panavision’s growth. We look forward to investing in the technology and service excellence that will define our next chapter.”
Kim Snyder, President and CEO, Panavision
